The global fab materials market to grow at a CAGR of 6.99% during the
period 2017-2021.

The report covers the present scenario and the growth prospects of the
global fab materials market for 2017-2021. To calculate the market size,
the report presents a detailed picture of the market by way of study,
synthesis, and summation of data from multiple sources. The report also
includes a discussion of the key vendors operating in this market.

Fab materials are chemicals that are used in semiconductor fabrication
processes such as etching, oxidation, deposition, and planarization.
They are classified into two types, fab materials and packaging
materials. Fab materials are used in different stages of the fabrication
process such as etching, oxidation, deposition, and planarization,
whereas packaging materials are used specifically for packaging purposes
to increase the reliability of semiconductors.

One trend in the market is advent of artificial intelligence, leading to
advances in semiconductors. Artificial intelligence is the way a
software functions intelligently. An example of artificial intelligence
is the working of a computer programmed robot similarly like human
beings.

According to the report, one driver in the market is increase in use of
industrial gases in semiconductor materials market. Industrial gases are
used in the manufacturing of semiconductors for improving conductivity
between the layers of conducting phases. The demand for industrial gases
is expected to grow in the global fab materials market during the
forecast period.

Further, the report states that one challenge in the market is
challenging market for semiconductor manufacturing in India. With a huge
number of electronics items being consumed in the Indian market, the
country has a very large industry base for electronics. The electronics
industry is contributing nearly 25% to India's GDP. India is reliant on
other countries for the import semiconductors that are used in
electronic devices as manufacturing or fabrication facilities are not
developed in the country.